The solar energy potential in India is vast because of its suitable geographic location near the Equator. The country receives almost 3,000 hours of sunshine yearly, which is equivalent to 5,000 trillion kWh of energy, making solar energy the best-suited energy source. The Solar Power sector plays a significant role in the economic and political scenario in India. Steady economic growth over the past few years, increasing industrial development, and the growing population have created huge gaps in India's energy scenario.

Solar Energy possesses a tremendous potential to bridge India's energy demand and supply gap in the future. India is steadily building upon its installed solar power capacity, thanks to a comprehensive and ambitious JNNSM, state solar policies, and relatively increased enforcement of the RPO. The Indian Government has outlined long-term plans to attain an installed solar power generation capacity of 20,000 MW by 2020, which would be increased to 100,000 MW by 2030 and further to 200,000 MW by 2050.

The analysts forecast the Solar Power Market in India to grow at a CAGR of 43.2 percent over the period 2013-2018.

The report covers the segmentation of Solar Power market in India as described below:

The report, the Solar Power Market in India 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Solar Power market landscape and its growth prospects in the coming years. The report also includes technological and region wise segmentation of solar power in India. The report also includes a discussion of the key vendors operating in this market.